Warner Bros. Discovery, Inc. (NASDAQ:WBD) Position Reduced by Moser Wealth Advisors LLC

Moser Wealth Advisors LLC trimmed its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 10.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,739 shares of the company’s stock after selling 1,500 shares during the quarter. Moser Wealth Advisors LLC’s holdings in Warner Bros. Discovery were worth $145,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. lifted its position in Warner Bros. Discovery by 6.9% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 39,934 shares of the company’s stock valued at $434,000 after purchasing an additional 2,562 shares during the last quarter. Stratos Wealth Advisors LLC acquired a new position in Warner Bros. Discovery during the 3rd quarter valued at about $109,000. Brown Advisory Inc. increased its stake in Warner Bros. Discovery by 10.3% during the 3rd quarter. Brown Advisory Inc. now owns 54,593 shares of the company’s stock valued at $593,000 after buying an additional 5,107 shares during the period. Lindbrook Capital LLC increased its stake in Warner Bros. Discovery by 45.7% during the 3rd quarter. Lindbrook Capital LLC now owns 7,692 shares of the company’s stock valued at $84,000 after buying an additional 2,412 shares during the period. Finally, Verdence Capital Advisors LLC acquired a new position in Warner Bros. Discovery during the 3rd quarter valued at about $109,000. 59.95% of the stock is currently owned by institutional investors.

Warner Bros. Discovery Stock Performance

Shares of NASDAQ WBD traded up $0.01 during trading hours on Thursday, hitting $7.81. 14,730,043 shares of the stock were exchanged, compared to its average volume of 27,209,174. The firm has a market capitalization of $19.05 billion, a P/E ratio of -6.09 and a beta of 1.51. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.93 and a quick ratio of 0.93. Warner Bros. Discovery, Inc. has a one year low of $7.34 and a one year high of $14.76. The company’s 50 day moving average is $8.40 and its 200 day moving average is $9.82.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Friday, February 23rd. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The business had revenue of $10.28 billion during the quarter, compared to the consensus estimate of $10.34 billion. Warner Bros. Discovery had a negative return on equity of 3.48% and a negative net margin of 7.57%. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 earnings per share. On average, research analysts expect that Warner Bros. Discovery, Inc. will post -0.35 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WBD shares. JPMorgan Chase & Co. lowered their price objective on shares of Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, February 26th. Redburn Atlantic cut shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and set a $11.00 price objective on the stock. in a research note on Thursday, January 11th. Barrington Research lowered their price objective on shares of Warner Bros. Discovery from $18.00 to $16.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Barclays lowered their price objective on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 29th. Finally, Citigroup lowered their price objective on shares of Warner Bros. Discovery from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $13.83.

About Warner Bros. Discovery

Warner Bros. Discovery, Inc operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming.